Analysis of expected sale time and behavior on the Finnish housing market

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dc.contributor Aalto-yliopisto fi
dc.contributor Aalto University en Oinonen, Pontus 2016-08-16T11:35:43Z 2016-08-16T11:35:43Z 2013
dc.description.abstract PURPOSE OF THE STUDY The purpose of this thesis is to determine how expected sale time of housing in Finland is formed and which factors have an effect on it. I use marketing time of dwellings as a proxy of expected sale time. This is a descriptive study in nature, because no earlier papers with Finnish data exist to compare the results with. The analysis covers housing features as well as its location. In addition, I study macro-economy and date of market entry related variables' effects on expected sale time. For most individuals, housing transactions are largest investment decisions of their lives and I aim to explain the high variation in the sale times within the Finnish housing market and in comparison with other asset classes. DATA I study my research questions mainly based on housing advertisements from January 2004 to July 2012. The advertisement data was collected from three sources: Etuovi, Oikotie and Kiinteistömaailma. In addition, I collected real transaction data from and various background data from Statistics Finland. RESULTS The results show that nearly all available housing and listing date related features have a statistically significant relationship with expected sale time. I also find that submarkets within certain cities do not vary much from the city consensus and more variation is present at times with poor state of economy. Results suggest that a seller with no rush to sell should wait for the optimal listing time to ensure her dwelling to raise interest in the market. I find that buyers' search criteria selection has a clear link to expected sale time as well. With a careful selection of listing price the seller may lower her dwelling's expected sale time. en
dc.format.extent 73
dc.format.mimetype application/pdf en
dc.language.iso en en
dc.title Analysis of expected sale time and behavior on the Finnish housing market en
dc.type G2 Pro gradu, diplomityö fi Kauppakorkeakoulu fi School of Business en
dc.contributor.department Rahoituksen laitos fi
dc.contributor.department Department of Finance en
dc.subject.keyword housing market
dc.subject.keyword time-on-market
dc.subject.keyword submarkets
dc.subject.keyword market characteristics
dc.subject.keyword behavior
dc.identifier.urn URN:NBN:fi:aalto-201609083509
dc.type.dcmitype text en
dc.programme.major Rahoitus fi
dc.programme.major Finance en
dc.type.ontasot Pro gradu tutkielma fi
dc.type.ontasot Master's thesis en
dc.subject.helecon rahoitus
dc.subject.helecon financing
dc.subject.helecon asunnot
dc.subject.helecon apartments
dc.subject.helecon kiinteistöt
dc.subject.helecon real estates
dc.subject.helecon markkinat
dc.subject.helecon markets
dc.subject.helecon myynti
dc.subject.helecon sales
dc.subject.helecon aika
dc.subject.helecon time
dc.ethesisid 14473 2013-05-20
dc.location P1 I
local.aalto.openaccess yes
local.aalto.idthes 14473

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